Half-Floor Penthouses Go for Nearly $9M

SAN FRANCISCO—The Rincon Hill Plan devised in the last decade was the first neighborhood plan adopted by the planning commission in more than 10 years. It ensured top-quality residential development at a neighborhood scale, with shorter buildings on the street interspersed with the tallest towers at the top of Rincon Hill, forming a new city skyline, according to the San Francisco Planning Department.

The goal was to allow ongoing transformation into a new mixed-use residential neighborhood adjacent to downtown, with both strong urban design controls and funding mechanisms for the necessary public infrastructure, including open space, streets, community facilities and housing. The plan included retail shops and neighborhood services, and transforming key streets into landscaped residential streets. The result is a plan that balances Rincon Hill's potential to provide much-needed housing with the design requirements of a livable neighborhood.

Within the Rincon Hill neighborhood at 201 Folsom St. is Tishman Speyer's Lumina, a 1.046 million-square-foot 656-unit condominium development that is one of the neighborhood's newest residential projects. Currently under construction, the project will consist of two towers of 42 and 37 stories, and two mid-rise plaza buildings of eight stories each. Floor plans include studio to three-bedroom layouts, averaging 1,200 square feet. Designed by Bernardo Fort-Brescia of Arquitectonica, in collaboration with Heller Manus, the project is targeting LEED Silver Certification.

With the close of the first quarter of 2017, residences at Lumina are selling quickly—the high-rise luxury community has entered into contract on more than 40 homes so far in 2017. More than 70% of homes at Lumina have closed escrow. Half-floor penthouses are also available for nearly $9 million per penthouse, GlobeSt.com learns.

“Lumina's consistent sales can be attributed to its 45,000 square feet of world-class amenities, desirable location and appealing architecture,” says Carl Shannon, senior managing director at Tishman Speyer. “Providing a successful luxury community that caters to today's sophisticated urban dweller requires a diverse offering of prices and lifestyle options.”

A selection of move-in ready floor plan options remain available for prospective buyers. Amenities provided onsite include the Jay Wright-designed fitness center, a 75-foot heated lap pool, a private dining room with chef's kitchen and outdoor balcony overlooking downtown; a landscaped rooftop terrace with barbecues, firepits and outdoor screening capabilities; bi-level club lounge, game room, screening room, children's play room, fully equipped music practice room, and business center.

Social events include yoga and Pilates classes, family movie nights, wine and cheese events, fitness trainings, and other community gatherings. Each resident of Lumina has access to a 24/7 on-site valet parking service that will allow residents to summon cars remotely at any time. Lumina is also the first residential community on the West Coast to offer the exclusive Audi at home service, a premier car-sharing initiative.

“With new residents joining each week, Lumina is growing into a thriving community,” Shannon tells GlobeSt.com. “Thanks to the wide variety of floor plans, prices, state-of-the-art amenities, and continued hard work of the Polaris Pacific sales and marketing team, we're proud to report that over 79% of Lumina's homes are sold and in contract.”

Lumina is located on the south side of Folsom Street between Main and Beale Streets, two blocks from the Embarcadero waterfront. Lumina has access to many of the city's major transportation arteries, including the Transbay Terminal, BART and Muni, Caltrain, the Bay Bridge, Interstates 80 and 280, and Highway 101.

Lumina is located adjacent to the 650-unit Infinity, which was developed by Tishman Speyer in 2005 to 2009, and is sold out.

The Rincon Hill area is south of the Financial District and north of the South Beach neighborhood. The area is bounded by Folsom Street, The Embarcadero, Bryant Street, Beale Street, the Bay Bridge approach and the Transbay Terminal ramps. The area contains approximately 55 acres of land and includes more than 70 parcels.

SAN FRANCISCO—The Rincon Hill Plan devised in the last decade was the first neighborhood plan adopted by the planning commission in more than 10 years. It ensured top-quality residential development at a neighborhood scale, with shorter buildings on the street interspersed with the tallest towers at the top of Rincon Hill, forming a new city skyline, according to the San Francisco Planning Department.

The goal was to allow ongoing transformation into a new mixed-use residential neighborhood adjacent to downtown, with both strong urban design controls and funding mechanisms for the necessary public infrastructure, including open space, streets, community facilities and housing. The plan included retail shops and neighborhood services, and transforming key streets into landscaped residential streets. The result is a plan that balances Rincon Hill's potential to provide much-needed housing with the design requirements of a livable neighborhood.

Within the Rincon Hill neighborhood at 201 Folsom St. is Tishman Speyer's Lumina, a 1.046 million-square-foot 656-unit condominium development that is one of the neighborhood's newest residential projects. Currently under construction, the project will consist of two towers of 42 and 37 stories, and two mid-rise plaza buildings of eight stories each. Floor plans include studio to three-bedroom layouts, averaging 1,200 square feet. Designed by Bernardo Fort-Brescia of Arquitectonica, in collaboration with Heller Manus, the project is targeting LEED Silver Certification.

With the close of the first quarter of 2017, residences at Lumina are selling quickly—the high-rise luxury community has entered into contract on more than 40 homes so far in 2017. More than 70% of homes at Lumina have closed escrow. Half-floor penthouses are also available for nearly $9 million per penthouse, GlobeSt.com learns.

“Lumina's consistent sales can be attributed to its 45,000 square feet of world-class amenities, desirable location and appealing architecture,” says Carl Shannon, senior managing director at Tishman Speyer. “Providing a successful luxury community that caters to today's sophisticated urban dweller requires a diverse offering of prices and lifestyle options.”

A selection of move-in ready floor plan options remain available for prospective buyers. Amenities provided onsite include the Jay Wright-designed fitness center, a 75-foot heated lap pool, a private dining room with chef's kitchen and outdoor balcony overlooking downtown; a landscaped rooftop terrace with barbecues, firepits and outdoor screening capabilities; bi-level club lounge, game room, screening room, children's play room, fully equipped music practice room, and business center.

Social events include yoga and Pilates classes, family movie nights, wine and cheese events, fitness trainings, and other community gatherings. Each resident of Lumina has access to a 24/7 on-site valet parking service that will allow residents to summon cars remotely at any time. Lumina is also the first residential community on the West Coast to offer the exclusive Audi at home service, a premier car-sharing initiative.

“With new residents joining each week, Lumina is growing into a thriving community,” Shannon tells GlobeSt.com. “Thanks to the wide variety of floor plans, prices, state-of-the-art amenities, and continued hard work of the Polaris Pacific sales and marketing team, we're proud to report that over 79% of Lumina's homes are sold and in contract.”

Lumina is located on the south side of Folsom Street between Main and Beale Streets, two blocks from the Embarcadero waterfront. Lumina has access to many of the city's major transportation arteries, including the Transbay Terminal, BART and Muni, Caltrain, the Bay Bridge, Interstates 80 and 280, and Highway 101.

Lumina is located adjacent to the 650-unit Infinity, which was developed by Tishman Speyer in 2005 to 2009, and is sold out.

The Rincon Hill area is south of the Financial District and north of the South Beach neighborhood. The area is bounded by Folsom Street, The Embarcadero, Bryant Street, Beale Street, the Bay Bridge approach and the Transbay Terminal ramps. The area contains approximately 55 acres of land and includes more than 70 parcels.